Electronic Game Card, Inc (fka EGMIQ)

[ambulance_blues]

If Schiff doesn't get reinstated as CFO, it means that his resignation had little or nothing to do with the D&O insurance, and that Donovan created a red herring out of whole cloth. Assuming Schiff declines the position, and you stick with the stock, how do you intend to gage the veracity of Donovan's statements going forward?

8-K
"Effective on October 30, 2009 Thomas E. Schiff resigned from his positions as Chief Financial Officer and company Secretary of Electronic Game Card, Inc ("EGC") BECAUSE EGC did not have all effective insurance cover required by the terms of his employment agreement. EGC agrees that cover was not in effect but is in the process of securing that cover."

Cambino:
"If he doesnt return and they get another credible CFO that will sign a Q then I will strike the odd departure as either a personal issue or some kind of friction bet. Schiff and KD"

C'mon Cambino, this was the guy who Donovan said was the best out of 1,000 applicants, and everybody here praised the decision of Donovan hiring his old co-worker from Planetwide Games because it meant they get along so well and are very productive together. I'm sorry, but something just does not add up. I think it's called the "smell test".